I haven’t tried it yet, but here is what I understood.
Ark is a payment batching protocol on top of Bitcoin L1. When you want to embark an ark you send a UTXO (thus onchain payment) to ark provider that will give you in exchange some Virtual UTXOs (VTXOs). These VTXOs can be exchanged in the ark provider.
The only involvement of lightning, afaik, is for moving VTXOs between different ASPs and between different layer.
Does it make sense?
Login to reply
Replies (1)
My assumption was that ASPs would have some (Ark) balance already prepared in advance, and that they could therefore send some of that - via a VTXO - to new users like me. And I assumed that - to pay the ASP for this service - I would just need to pay the ASP somehow (e.g. via Lightning)
So basically, I thought I could pay the ASP via Lightning, in return for a VTXO. I think that _should_ be possible in Ark in theory, and I think that would be fantastic for onboarding new people